) Forward stock split and Authorized Capital Stock
On May 5, 2011, shareholders of the Company approved the following:
(1) To Forward Split all out-standing shares of the Corporation’s common stock on a 3 for 1 basis.
(2) To reset authorized capital stock at 500,000,000 shares, of which 300,000,000 shares shall be Common stock, par value $0.0001, and 200,000,000 shares shall be preferred stock, par value $0.0001, and to give the Board of Directors the power to fix by resolution the rights, preferences and privileges of preferred stock; and
(3) To amend the Company’s Articles of Incorporation to change the Company’s name to “Dynamic Energy Alliance Corporation”
The Company is in the process of effectuating these amendments, which are anticipated to take effect in August of 2011.
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